Bill Text Versions

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Section 1.

Subd. 2.

Creation of account.

(a) An aviation degree loan forgiveness program account is establishednew text begin in the special revenue fundnew text end to provide qualified pilots and qualified aircraft technicians with financial assistance in repaying qualified education loans. The commissioner must use money from the account to establish and administer the aviation degree loan forgiveness program.

(b) Appropriations made to the aviation degree loan forgiveness program account do not cancel and are available until expended.

Sec. 2.

Subd. 8.

A teacher shortage loan forgiveness repayment deleted text beginfunddeleted text endnew text begin accountnew text end is creatednew text begin in the special revenue fundnew text end for depositing money appropriated to or received by the commissioner for the program. Money deposited in the fund shall not revert to any state fund at the end of any fiscal year but remains in the loan forgiveness repayment fund and is continuously available for loan forgiveness under this section.

Sec. 3.

Subd. 2.

Establishment; administration.

(a) The commissioner shall establish and administer a loan forgiveness program for large animal veterinarians who:

(1) agree to practice in designated rural areas that are considered underserved; and

(2) work full time in a practice that is at least 50 percent involved with the care of food animals.

(b)new text begin A large animal veterinarian loan forgiveness program account is established in the special revenue fund. The commissioner must use money from the account to establish and administer the program under this section. Appropriations to the commissioner for the program are for transfer to the fund.new text end

new text begin(c)new text end Appropriations made to the program do not cancel and are available until expended.